Barclays Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $85.00

Fidelity National Information Services (NYSE:FIS) had its target price decreased by Barclays from $102.00 to $85.00 in a research note published on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the information technology services provider’s stock.

FIS has been the topic of a number of other research reports. Morgan Stanley cut their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada cut their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Compass Point cut their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $87.36.

Fidelity National Information Services Stock Up 0.7 %

Shares of NYSE:FIS opened at $69.89 on Tuesday. The stock’s 50-day moving average price is $78.98 and its 200-day moving average price is $82.56. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a 12-month low of $62.17 and a 12-month high of $91.98. The stock has a market capitalization of $37.02 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter last year, the business posted $0.94 EPS. On average, equities analysts anticipate that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.29%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is 55.17%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors have recently modified their holdings of the business. Capital Research Global Investors boosted its holdings in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after acquiring an additional 1,082,929 shares during the last quarter. State Street Corp boosted its holdings in Fidelity National Information Services by 0.9% in the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after purchasing an additional 211,787 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Fidelity National Information Services by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock worth $1,052,819,000 after purchasing an additional 208,127 shares during the last quarter. Boston Partners boosted its holdings in Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after purchasing an additional 446,544 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Fidelity National Information Services in the 4th quarter worth $635,202,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.